Welcome to our dedicated page for Inscorp news (Ticker: IBTN), a resource for investors and traders seeking the latest updates and insights on Inscorp stock.
InsCorp, Inc. (OTCQX: IBTN) is the parent of INSBANK, a Nashville-based commercial bank that reports detailed financial and operational updates through regular press releases. This news page aggregates coverage of InsCorp and INSBANK, including quarterly and annual earnings, balance sheet trends, and developments in the bank’s commercial and healthcare-focused lending activities.
Readers can follow how InsCorp reports changes in net interest income, noninterest income, efficiency ratios, and returns on assets and equity. Company announcements often highlight loan growth across commercial and industrial, commercial real estate, construction and development, residential, multifamily, and home equity lines of credit, as well as deposit growth and shifts in funding mix. Management commentary also addresses capital ratios, liquidity, and asset quality measures such as nonperforming loans, net charge-offs, and allowance for credit losses.
Because INSBANK operates specialized divisions—Medquity, TMA Medical Banking, and Finworth—news items frequently discuss healthcare banking performance, nationwide healthcare loan growth, and nationally available virtual private client deposit services. Updates on personnel, such as senior management appointments, and board decisions on dividends and share repurchase authorizations are also part of the company’s news flow.
Investors and observers who monitor IBTN news can use this page to review InsCorp’s commentary on market conditions in middle Tennessee, the evolution of its loan pipeline, and responses to specific events, including the reported incident of apparent loan fraud at INSBANK. Bookmark this feed to see how the company’s reported metrics and strategic priorities develop over time.
InsCorp, Inc. (OTCQX: IBTN) reported record third quarter earnings of $1,626,000 ($0.55 per share), a significant rise from $343,000 ($0.11 per share) in Q3 2020. Year-to-date earnings reached $4,286,000 ($1.46 per share), marking a 164% increase compared to the prior year. The bank's net interest margin improved by 21 basis points, driven by lower deposit costs and strong loan growth of over 17% in core loans. Total assets grew by $94 million (16%) year-over-year. A dividend of $0.12 per share will be paid on December 10, 2021, enhancing shareholder value.
InsCorp, Inc. (OTCQX: IBTN) announced on October 29, 2021 the completion of a $10.0 million private placement of fixed-to-floating rate subordinated notes due 2031.
The notes will initially yield 3.75% annually, transitioning to a variable rate tied to three-month SOFR plus 287 basis points starting October 30, 2026. Proceeds are expected to support growth initiatives and may be used for common stock repurchase.
InsCorp, parent company of INSBANK (OTCQX:IBTN), reported second quarter earnings of $1,369,000, or $0.47 per share, marking a substantial increase from $549,000 and $0.19 per share during the same period in 2020. Year-to-date earnings reached $2,659,000, a 107.6% increase from last year. Key highlights include an 11.2% growth in total assets, improved net interest margin, and a favorable efficiency ratio of 51.1%. The bank generated $19 million in loans through the government’s SBA-PPP program and reduced non-interest expenses compared to peers.
InsCorp, parent of INSBANK (OTCQX: IBTN), reported Q1 earnings of $1.29 million ($0.44/share), a 60% increase from the previous quarter. Key factors include core loan growth, PPP income, and lower funding costs. Net interest income rose to $4.44 million, a 14% year-over-year increase. The board declared a semi-annual dividend of $0.12/share, payable June 11, 2021. Modified loans represent 12% of the portfolio, with significant deferments in impacted sectors. Non-performing assets increased to 1.9%. The bank maintains a strong capital position with a tier 1 capital ratio of 11.9%.
Inscorp, parent company of INSBANK (OTCQX: IBTN), reported 4th quarter earnings of $808,500, or $0.28 per share, marking an increase of $465,500 from the 3rd quarter. Key drivers included improved net interest margin and reduced loan loss provisions. Total assets grew by $63.5 million (11.5%) for 2020, with non-interest bearing deposits rising by 49%. However, 2020 earnings fell to $0.83 per share from $1.55 due to pandemic-related impacts. Despite challenges, management expressed optimism for 2021, citing digital growth and efficient business models as focus areas.